Yousif Capital Management LLC Sells 215 Shares of Installed Building Products, Inc. (NYSE:IBP)

Yousif Capital Management LLC trimmed its stake in Installed Building Products, Inc. (NYSE:IBP) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,818 shares of the construction company’s stock after selling 215 shares during the period. Yousif Capital Management LLC’s holdings in Installed Building Products were worth $1,545,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of IBP. State Street Corp lifted its holdings in Installed Building Products by 8.4% in the third quarter. State Street Corp now owns 1,248,515 shares of the construction company’s stock worth $307,472,000 after buying an additional 96,780 shares during the period. FMR LLC raised its position in shares of Installed Building Products by 61.5% in the 3rd quarter. FMR LLC now owns 965,551 shares of the construction company’s stock worth $237,786,000 after acquiring an additional 367,628 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Installed Building Products by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 623,003 shares of the construction company’s stock worth $153,452,000 after acquiring an additional 23,179 shares in the last quarter. Swedbank AB lifted its stake in shares of Installed Building Products by 26.4% in the 4th quarter. Swedbank AB now owns 330,000 shares of the construction company’s stock valued at $57,832,000 after purchasing an additional 69,000 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its position in shares of Installed Building Products by 6.5% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 329,166 shares of the construction company’s stock valued at $81,063,000 after purchasing an additional 20,155 shares in the last quarter. Institutional investors own 99.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. StockNews.com upgraded shares of Installed Building Products from a “hold” rating to a “buy” rating in a report on Monday. Royal Bank of Canada lowered shares of Installed Building Products from a “sector perform” rating to an “underperform” rating and dropped their price objective for the stock from $203.00 to $197.00 in a research note on Friday, November 8th. Evercore ISI cut shares of Installed Building Products from an “outperform” rating to an “underperform” rating and cut their price objective for the stock from $238.00 to $206.00 in a report on Monday, December 16th. The Goldman Sachs Group lowered their target price on shares of Installed Building Products from $262.00 to $228.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. upped their price target on Installed Building Products from $236.00 to $241.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, Installed Building Products has an average rating of “Hold” and a consensus price target of $240.40.

Installed Building Products Price Performance

NYSE IBP opened at $178.14 on Thursday. Installed Building Products, Inc. has a one year low of $169.02 and a one year high of $281.04. The stock has a 50-day moving average of $189.71 and a 200 day moving average of $213.61. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99. The company has a market capitalization of $5.01 billion, a price-to-earnings ratio of 19.79 and a beta of 1.99.

About Installed Building Products

Installed Building Products, Inc, together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors, and other products in the United States. It operates through Installation, Distribution, and Manufacturing operation segments.